Nuclear-Powered Cargo Ships Promise Cleaner Transport but Could Be Hard to Insure June 18, 2025 By Will Wade The commercial shipping industry is chasing a novel carbon-free propulsion technology as it pursues a lofty climate goal: nuclear power....
US Homeowners Insurance Rates Rose 40.4% in Six Years, Report Shows June 18, 2025 U.S. homeowners insurance rates rose 40.4% over the past six years, with the biggest increases hitting in the last two...
Alabama-Based CRC Group Rebrands BenefitMall as CRC Benefits June 18, 2025 Three years after it purchased BenefitMall, Alabama-based CRC Group is rebranding its employee benefits division as CRC Benefits, the company...
AM Best Downgrades Credit Ratings of Oregon Mutual Group Members June 18, 2025 AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Ratings...
Erie Insurance: ‘No Evidence’ of Ransomware in Network Outage June 18, 2025 By Andrew G. Simpson Erie Insurance said it has “seen no evidence of ransomware and there is no indication of ongoing threat actor activity”...
People Moves: California Commissioner Names Insurance Diversity Task Force Leaders June 18, 2025 California Insurance Commissioner Ricardo Lara named new leadership of the Insurance Diversity Task Force. The 15-member task force elected its...
Idaho Grocer to Pay $250K for Child Labor and Wage Violations June 18, 2025 The U.S. Department of Labor (DOL) has reached an agreement with an Idaho grocery store requiring the employer to pay...
Viewpoint: Navigating Strategic Capital Options for Insurance Brokerages June 18, 2025 By Bob Besio and Robert Held The pathway to M&A activity/liquidity in the insurance brokerage industry traditionally has followed a common pattern: small to mid-sized brokers...
Philadelphia Insurance Restores Limited Access But Major Outage Continues June 18, 2025 Philadelphia Insurance Companies said it has been able to restore limited network access as it continues to deal with a...
‘Abolishing FEMA’ Memo Outlines Ways for Trump to Scrap Agency June 17, 2025 By Zahra Hirji, Jason Leopold and Lauren Rosenthal Homeland Security Secretary Kristi Noem directed the Federal Emergency Management Agency to prepare a memo on how to abolish itself...